(b) On April 4, 2014, LPL Financial LLC ("LPL Financial"), a wholly owned
subsidiary of LPL Financial Holdings Inc. (together with its subsidiaries, the
"Company"), permitted Derek Bruton to resign, effective immediately, in light of
the Company's concerns about Mr. Bruton's interactions with other employees. Mr.
Bruton served as Managing Director, Independent Advisor Services, of LPL
Financial. The separation was not related to the Company's performance.